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Note – This is the statement of Congressman Hensarling from the House floor today You can watch the video here
WASHINGTON — “Madam Speaker since the Democrats have taken control of Congress, we’ve seen their idea to increase the deficit tenfold, we’ve seen their idea to triple the debt in ten years, we’ve seen their idea to bail out AIG, GM, Fannie and Freddie and the list goes on and today’s idea – a new national energy tax costing every American family $1,500 to $3,000 dollars a year only if they choose to turn on a light, cook a meal or drive their children to school.
“Don’t take my word for it; listen to the President of the United States who said that under his plan quote “electricity rates would necessarily skyrocket” unquote, that’s from the President of the United States. That means our gas prices will go up about seventy seven cents a gallon at the pump.
“Now all of this is due to global warming concerns and madam speaker these are legitimate concerns. We have a right to be concerned and man made activity does contribute; but is this a smart policy? You know if India and China don’t participate it is for naught.
“Even our own federal government estimates at best over the course of 100 years this may impact global temperatures two tenths of one degree. Frankly, that variance occurs naturally every year.
“Think about the severe job loss – millions upon millions of jobs lost due to the competitive disadvantage we have. There are smarter ways to deal with global warming but we hear nothing about clean coal on the other side, we hear nothing about nuclear from the other side. Think about the huge loss of national wealth that could have been used to cure cancer, send a generation to college, and help launch millions of small businesses.
“Now Madam Speaker some call it cap and trade – it will cap American opportunity, it will trade away American jobs – it’s time to reject the new national energy tax.”
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